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that executive compensation is linked to these perceived "competence" ratings. Our analysis explores these findings in more …-facedness" of the CEO. That is, more mature looking CEOs are assigned higher "competence" scores. This finding is potentially …. Essentially, the "look" of competence says very little about effective competence …
Persistent link: https://www.econbiz.de/10012462745
with superior observed characteristics and with greater public good provision. This improvement in leadership competence …
Persistent link: https://www.econbiz.de/10012464313
What role do hierarchies play with respect to the organization of production and what determines their structure? We develop an equilibrium model of hierarchical organization, then provide empirical evidence using confidential data on thousands of law offices from the 1992 Census of Services....
Persistent link: https://www.econbiz.de/10012468261
We present a simple theory of the quality (competence and honesty) of elected officials. Our theory offers four main … than those of high-quality citizens (competence), and/or because they reap higher returns from holding office (honesty …
Persistent link: https://www.econbiz.de/10012470186
incumbent; with higher stakes, the incumbent puts more emphasis on loyalty than competence. Our theory sheds light on the …
Persistent link: https://www.econbiz.de/10014250204
The costs of low-carbon energy fell dramatically over the past decade, leading to rapid growth in its deployment. However, many challenges remain to deploy low-carbon energy at a scale necessary to meet net zero carbon emission targets. If net zero goals are to be met, developing complementary...
Persistent link: https://www.econbiz.de/10013361997
In an earlier paper, we showed that the value of shadow prices depends on how the government contemplates re- equilibrating the economy to the perturbation associated with any project, except in the extreme case where the government has chosen all policy instruments optimally. Only under...
Persistent link: https://www.econbiz.de/10012476904
This paper develops a general methodology for analyzing shadow wage (and other shadow prices). Our approach is to identify those reduced form relationships describing the economy which are central to the determination of the shadow wage, and use these to obtain simple formulae for the shadow...
Persistent link: https://www.econbiz.de/10012477868
This paper develops and applies a model of world trade and exchange rates to analyze dynamic interaction of the current account and exchange rate. The model is designed to concentrate on the determination of trade flows, prices and exchange rates for the OECD member countries but it also covers...
Persistent link: https://www.econbiz.de/10012478759
The central thesis of this paper is that the management of portfolios incorporating a variety of investment assets does require the use of time and other scarce resources in searching for, collecting, interpreting, and applying relevant information. Accordingly, the returns on these assets would...
Persistent link: https://www.econbiz.de/10012479054